Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Alex Raytselsky who wrote (9804)	1/21/1999 7:04:00 PM
From: John Soileau	Read Replies (1) of 10482

That would be an interesting test: if the yuan devalues, WHAT will gold do? China has a good bit of external debt that would instantly get more expensive, and hey, maybe they will announce that they won't pay the running-dog capitalists according to the debt's original terms. Financial markets, including ours, will NOT be amused. China has I think more than 100 bil dollars in reserve, but would they run through this (like Brazil did for a while) defending their currency, or just let the yuan get trashed, like the real? And if China does this, won't Hong Kong go to hell with them? And if all that happens, will there be an exodus into nice safe Bema-produced gold? Or will cable subscriptions jump as depressed, impoverished investors stay at home?! Enquiring minds need to know. Regards John

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